StormFisher acquires Recyclage Carbone Varennes

In Canada, StormFisher Hydrogen announced the acquisition of Recyclage Carbone Varennes (RCV) following a court–approved process. By building on RCV’s existing infrastructure and expertise, StormFisher will create North America’s first large-scale low-carbon methanol plant.

StormFisher will collaborate with its Varennes team and build on their expertise. Unlike the initial RCV project, which relied on biomass gasification to produce methanol, StormFisher  will use clean hydrogen and captured CO₂ to produce methanol. This proven approach is simpler, cleaner, more reliable and more resilient, while reusing part of RCV’s existing infrastructure and lowering overall risk.

At the Varennes plant, the combination of hydrogen from water and clean electricity with captured local CO₂ is designed to produce more than 72,000 tons of low-carbon methanol annually. By sourcing CO₂ from emitters, the project will help reduce emissions in Québec by transforming a by-product into a valuable resource with over 100,000 tons of CO₂ expected to be captured and repurposed annually instead of being released into the atmosphere.

The methanol produced in Varennes aims to support the decarbonization of the maritime industry in Québec and around the world by providing a more sustainable alternative to fossil fuels. StormFisher is committed to maintaining an open dialogue with maritime stakeholders, governments, and communities to identify new ways to further accelerate maritime decarbonization in Québec.